Africa-news

Africa-news (598)

Heineken NV said the longer-term outlook has become cloudier as inflationary pressures squeeze consumers, raising the risk that they’ll cut back on beer.

Oceana's CEO, Imraan Soomra, has resigned as the company struggles with accounting problems.

Louis Vuitton, LVMH's top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation costs, a spokesperson for the French luxury goods company in China told Reuters.

A majority of Distell’s shareholders have voted in favour of Heineken’s move to acquire the local liquor maker.

The approval follows Distell’s extraordinary general meeting on Tuesday, where shareholders cast their votes on resolutions related to the deal, such as the scheme of arrangement and the approval of the Distell Namibia transaction.

Investor appetite for emerging markets has waned this year, but they still have a taste for South Africa.

Grindrod Ltd., the Johannesburg-listed logistics operator, plans to triple capacity at its drybulk port terminals in Mozambique to cater for growing demand for coal exports from neighbouring South Africa, the company said Monday.

There is a reason South Africa’s currency is called “the rattler.”

Officially launched in December 2021, the Victoria Falls Stock Exchange (VFEX) is the first bourse on the sub-continent trading exclusively in US dollars.

Angola has recovered assets worth more than US$11 billion (R166 billion) that had been looted from state coffers and stashed in countries around the world, the justice minister said on Thursday.

South Africa will seek to harness a multibillion-dollar dagga and hemp industry in a bid to create as many 130 000 jobs and lure foreign investment as it grapples with record unemployment. 

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